What is it about?
Through a close reading of Ricardo’s Principles of Political Economy and Notes on Malthus, this paper argues that aggregate demand--defined as investment and consumption in the aggregate--matters in Ricardo notwithstanding his special assumption that saving is investment.
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Why is it important?
The recognition of aggregate demand's positive role in Ricardo further strengthens the demand-led growth theory research programme.
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This page is a summary of: A Note on the Role of Aggregate Demand in Ricardo, History of Economics Review, May 2018, Taylor & Francis,
DOI: 10.1080/10370196.2019.1575175.
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